wealth gain…

The top 20 richest billionaires in Canada have amassed $37 billion in collective wealth increases since March, when COVID-related lockdowns and closures began across Canada, according to a new report from the Canadian Centre for Policy Alternatives.

Not a single one of the top 20 billionaires in Canada has suffered a decrease in their overall wealth since the emergence of COVID-19. According to the CCPA report, the massive wealth gain at the very top “reflects the increasingly clear decoupling of the stock market from the real economy.”

Source: Richochet, September 17,2020